Dogecoin remains one of the more stable markets

Dogecoin remains one of the more stable markets

In theory, this would be an excellent time for altcoins to mount a very strong comeback while Bitcoin BTC remains bearish pattern. However, ensuring such price gains materialize is often a very different matter. The Doge price puts up a valiant effort in this regard, although it too notes minor losses. For now, the $0.002 price level hasn’t come under too much pressure as of yet. "Dogecoin remains one of the more stable markets"

Dogecoin remains one of the more stable markets

It is never a bad thing to see some of the top cryptocurrencies either maintain their value or note the tiniest of losses when Bitcoin turns bearish again. Dogecoin often checks the right boxes in this regard, although it can also make for a boring market, according to some traders. Even today, the resilient altcoin notes small losses and successfully maintains its price above $0.002 without too many problems.

Over the past 24 hours,F the net balance for DOGE is neither terrible nor promising. Following a 0.8% decrease in USD value and a 0.5% deficit in BTC value, the current Dogecoin price sits at $0.002045, or 51 Satoshi. Especially this latter value is of great interest to traders, as they mainly seek to increase their Bitcoin holdings.

Although the Tor project confirmed they are now accepting cryptocurrency donations, Doge is one notable exception on that particular list. On paper, it would make a lot more sense to accept Dogecoin over the likes of Augur, for example. It will be interesting to see if Dogecoin gets added tot he list at some point, but for now, that is not the case.

Another interesting rather recent development is how Travala accepts Doge payments. Consumers looking to book travel or accommodations through this platform can pay in Dogecoin, which can potentially introduce a lot more use cases moving forward. It is unclear how popular the supported currencies are on an individual basis, but having Doge on the list is a big nod of approval in its own regard.

One can usually leave it up to the Dogecoin community to come up with some creative ideas and connections. Kenneth Fax is an interesting example in this regard. This user feels everyone who likes National Puppy Day should also love the passion for Doge. A bit of an odd correlation, although there is some argument to be made as well.

While the current market momentum seemingly offers nothing to be excited about, Dogecoin price remains one of the more stable markets in the top 30. When the momentum turns bearish, it doesn’t budge much. The same applies to overarching bullish moment, unfortunately, but one has to take good with the bad in this industry. How this market will evolve over the coming days, remains a mystery.

NEO coin sees new growth in 2019

Electroneum Price is in an Odd Place

4 Major developments in Tron TRX by Q2 2019

Post a Comment